Tesla Hiring (Again) For Shanghai Gigafactory 3 Construction-Related Jobs
Tesla Gigafactory 3 in Shanghai continues to progress, with the hottest news being new construction-related jobs posted on Tesla’s Chinese website.
Tesla Gigafactory 3 in Shanghai continues to progress, with the hottest news being new construction-related jobs posted on Tesla’s Chinese website.
The tariffs imposed by the Trump administration are encouraging Tesla to get its Gigafactory 3 in Shanghai built sooner so it can start manufacturing cars in China. The company says it costs up to 60% more to build a car in the US than in China.
The world is changing fast, but many worry it is not fast enough, so let’s review the biggest cleantech news from China in August. As always, there’s much news out of China. In order to aggregate and summarize the highlights, this edition of our China × Cleantech feature separates the stories by a handful of broad topics. This report is also published over on the “Future Trends” section of our website.
Tesla has increased the registered capital for its new Shanghai Gigafactory from 100 million yuan ($14.6 million USD) to 4.67 billion yuan ($681 million USD) to support new scope for the factory, including core automotive manufacturing operations and battery managements systems at the new factory.
I did something quite irresponsible lately. I made a prediction 6½ years in the future about Tesla’s finances. The normal financial analyst horizon is a single quarter, and that is often too difficult.
Some people seem to thrive on turbulent times. Others prefer tranquility. Elon Musk is definitely in the first group. He seems to be happiest when things around him are in chaos — or at least, that’s where he shines. If so, he must be ecstatic and glowing brightly at the moment. After tweeting last week that he might take Tesla private, the news media has been awash with guesses, wild ass guesses, and far-fetched speculation about who might be interested in walking Tesla and Elon down the aisle in a financial marriage that could have international implications.
Time flies with Elon Musk is tweeting about taking Tesla private, but there’s much more news to get to beyond that. In particular, there’s much news out of China. In order to aggregate and summarize the highlights, here’s another edition of our China × Cleantech feature, also published over on the “Future Trends” section of our website. And, yes, there is some Tesla news in here as well.
Shanghai government officials may or may not be involved in Elon Musk’s plans to take Tesla private, but they are certainly welcoming the Silicon Valley company to China with open arms.
Tesla has been pushing to build local production capacity in two of its key markets for years and just recently confirmed that it will build its third Gigafactory in Shanghai, China. The new plant-to-be spent some time in the spotlight this week during Tesla’s Q2 2018 investor call. Elon shared some insights into the timeline, production capacity, and cost.
News reports suggest Tesla is moving forward with plans to build a battery and auto manufacturing facility in southern Germany.